Any guru (or group) you follow that shows you how to do the negotiating and paperwork is only telling you half the story.

I purchased both as a package and for the next six years enjoyed great cash flow as I paid the tax on the house lot annually at about half of what it should have been and neglected to pay anything on the tennis court lot.  

Redesigned a bathroom and kitchen with all new interior. added a new half bathroom.  

Quote from @John Friendas: Hey,My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is half his).

The unit with the hot tub for a year and half. 

I think it's a gamble for someone 2000 miles away - could do well or badly.  

We often would offer concessions such as no security deposit or do half off first months rent or even a discount off the first couple of months.

I have done this and then we lost half of our W2 income, then a big HVAC repair, then the ELOC rate drifted up from 4% to 10%, then a storm forced a roof repair sooner than expected.

Could be with you or within 20 miles.  4.  

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors..